The Riegel-Neal Act of 1994 made reciprocity pacts
A) legal.
B) illegal.
C) irrelevant.
D) temporary.
C
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Which of the following correctly describes the special interest theory of regulation?
a. Large numbers of poorly-organized consumers, each of whom have very little at stake in the outcome of economic regulation, capture the regulatory process and force regulated monopolies to accept negative economic profits. b. Large numbers of poorly-organized military veterans, each of whom have very little at stake in the outcome of economic regulation, capture the regulatory process and force consumer-products firms to convert their factories to produce military goods and services. c. Well-organized producer groups expect to profit from economic regulation and are able to persuade public officials to impose the restrictions that existing producers find attractive, such as limiting entry by new firms or competition by existing firms. d. Well-organized producer groups incur loss from economic regulation which force them to keep prices low, while consumers enjoy a larger surplus.
The functions of the Federal Reserve System include
A) Regulate the money supply. B) Supervise the U.S. Treasury. C) Supply the economy with government bonds. D) None of the above.
An action that is the best choice under all conditions is known as the
A. prisoner's dilemma. B. dominant strategy. C. tit-for-tat strategy. D. profit-maximizing strategy.
A bank's liabilities are
A) things owned by or owed to the bank. B) things the bank owes to someone else. C) a measure of the bank's net losses. D) included as part of the bank's reserves.